George and Meredith who are married, have a regular tax liability of $19,379 based on regular taxable income of $125,000. The couple took the standard deduction in arriving at regular taxable income. This year they generated tax preferences of $25,000, and positive adjustments attributable to the exercise of incentive stock options of $30,000. What is George and Meredith's alternative minimum tax for 2018?

Question

Quizplus · Accepted Answer

The Answer of George and Meredith who are married, have a regular tax liability of $19,379 based on regular taxable income of $125,000. The couple took the standard deduction in arriving at regular taxable income. This year they generated tax preferences of $25,000, and positive adjustments attributable to the exercise of incentive stock options of $30,000. What is George and Meredith's alternative minimum tax for 2018?

George and Meredith Who Are Married, Have a Regular Tax